Perth Becomes Australia’s 2nd Most Expensive City to Rent
Renting a home is supposed to be a basic right, not a financial nightmare. But for many Australians, especially in Perth, that’s no longer the case. Once considered a more affordable alternative to Sydney or Melbourne, Perth has now earned the unwelcome title of the second most expensive city to rent in Australia. With a worsening housing crisis and stagnant wages, more and more people are finding themselves stuck in what’s being called a “poverty trap.” Let’s break this down in everyday language, explore how this happened, and more importantly, look at what can be done to survive this harsh…